Applied DNA Sciences, Inc. (NASDAQ:APDN) Sees Large Growth in Short Interest

Applied DNA Sciences, Inc. (NASDAQ:APDN) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,770,000 shares, a growth of 271.1% from the November 15th total of 477,000 shares. Based on an average daily volume of 4,590,000 shares, the short-interest ratio is presently 0.4 days.

Applied DNA Sciences Stock Down 0.8 %

Shares of APDN stock traded down $0.00 during trading hours on Wednesday, reaching $0.19. 1,582,451 shares of the stock traded hands, compared to its average volume of 3,890,772. Applied DNA Sciences has a 1-year low of $0.14 and a 1-year high of $16.10. The business has a fifty day moving average price of $0.24 and a 200 day moving average price of $0.64. The firm has a market capitalization of $9.85 million, a PE ratio of -0.02 and a beta of 0.47.

Institutional Trading of Applied DNA Sciences

An institutional investor recently bought a new position in Applied DNA Sciences stock. Jane Street Group LLC acquired a new position in shares of Applied DNA Sciences, Inc. (NASDAQ:APDN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 73,396 shares of the technology company’s stock, valued at approximately $48,000. Jane Street Group LLC owned 0.24% of Applied DNA Sciences at the end of the most recent quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Applied DNA Sciences to a “sell” rating in a research note on Tuesday, September 17th.

Applied DNA Sciences Company Profile

Applied DNA Sciences, Inc, a biotechnology company, develops and commercializes technologies to produce and detect deoxyribonucleic acid (DNA) in the Americas, Europe, Asia, and internationally. It operates through three segments: Therapeutic DNA Production Services; MDx Testing Services; and DNA Tagging and Security Products and Services.